Lemonade will look to raise $286mn

June 30, 2020 | FinTech

Written by FinTech Alliance

Lemonade will look to raise $286mn

InsurTech Lemonade has announced its US IPO plans for July.

In Brief:

  • It aims to raise the capital on the US stock market.

  • The IPO is set to be led by Goldman Sachs, Morgan Stanley, Barclays PLC and Allen & Co.

  • It expects a post-money valuation of under $1.5bn.

 

What does this mean?

The business was founded in 2015 and is already backed by tech giant SoftBank Group. Lemonade had had published its prospectus in early June but will now go public in July, due to Covid-19 related delays.


Read more here.

 

More in FinTech

Cashback FinTech Tail acquired by London incubator
FinTech
August 10, 2020

Cashback FinTech Tail acquired by London incubator

Tail has been acquired by Quantum Group, a FinTech incubator. In Brief: Tail provides ca...

Dutch FinTech for charities to raise up to €3mn this year
FinTech
August 07, 2020

Dutch FinTech for charities to raise up to €3mn this year

Amsterdam FinTech Kinder has raised almost £500,000 and wants to raise more this year. In B...

Starling set to make a profit by 2021
FinTech
August 07, 2020

Starling set to make a profit by 2021

Starling Bank has published its latest report and is on track for profitability despite the challeng...

FinTech
July 29, 2020

Unleashing the potential of FinTech in banking

The FinTech industry attracted over US$13.1b in VC-backed investments in 2016, about five times...

FinTech
May 27, 2020

West Midlands FinTech Ecosystem Report 2020

This report focuses primarily on the activity in the geographical area covered by the West Midlands...

FinTech
May 27, 2020

Fintech Banking Spotlight on Capital Structure

Fintech Sector: Capital Structure Observations • As the global economy starts to digest the...

Tech for Growth: Overcoming Barriers to Scale in Emerging Markets

Tech for Growth: Overcoming Barriers to Scale in Emerging Markets

When: Aug 13th, 2020
Where: Webinar, London , UK
Price: FREE
FinTech North Manchester Vulnerable Customers Forum

FinTech North Manchester Vulnerable Customers Forum

When: Sep 18th, 2020
Where: Webinar, London , UK
Price: FREE
FinTECH4Life

FinTECH4Life

When: Nov 16th - Nov 17th, 2020
Where: The Brewery, London
Price: £999